CDSs did not hike eurozone states' funding costs: European Commission report

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European Commission policymakers found "no conclusive evidence" that the credit default swap (CDS) market has pushed up funding costs for European member states, a report has shown.

The report, circulated Tuesday by the staff of Syed Kamall, a Member of European Parliament (MEP) for London, said data provided by Bloomberg, Markit and the Bank for International Settlements showed "there [was] no evidence of any obvious mis-pricing in the sovereign bond and CDS markets." The report takes into

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